Harvest Natural Resources completes $5.37 million placement of stock

Company sells 1,704,800 of its common shares at $3.15 apiece in deal

By Devika Patel

Knoxville, Tenn., Nov. 27 - Harvest Natural Resources, Inc. settled a $5.37 million private placement of stock on Nov. 27, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced on Nov. 21, Nov. 23 and Nov. 25.

The company sold 1,704,800 common shares at $3.15 per share, which is an 8.7% discount to the Nov. 20 closing share price of $3.45.

Harvest Natural Resources is a Houston independent oil and gas exploration and development company.

Issuer:	Harvest Natural Resources, Inc.
Issue:	Common stock
Amount:	$5,370,120
Shares:	1,704,800
Price:	$3.15
Warrants:	No
Pricing date:	Nov. 21, Nov. 23 and Nov. 25
Settlement date:	Nov. 27
Stock symbol:	NYSE: HNR
Stock price:	$3.45 at close Nov. 20
Market capitalization:	$136.99 million

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